Revenue Hub

OCTOBER 25, 2023

As a hotel owner or manager, you’re continually exploring ways to boost your property’s visibility, manage bookings efficiently, and maximize revenue. They allow hotels to reach a global audience through travel agencies and online booking platforms. By plugging into GDS, hotels gain access to a massive pool of potential guests.

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Revenue Hub

NOVEMBER 15, 2022

Yet ADR in UK hotels is still growing, business on the books remains strong and travel sentiment from consumers is positive. If your hotel is not currently considering including new technology in the 2023 budget, below are 5 things you may wish to consider – plus an added bonus: 1 reason NOT to adopt new technology.

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Revenue Hub

APRIL 3, 2023

The best way to do this is to effectively manage your budget and follow a data-driven total revenue management strategy. Think about everything that a typical guest experiences when they book a room at your hotel. and post-stay (check-out, guest satisfaction surveys, follow-up emails and promotions, etc.).

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Hotel Business

MARCH 13, 2024

By Jared Lerner In the competitive landscape of the hospitality industry, hotels are constantly seeking innovative ways to optimize their operations, increase revenue and enhance guest satisfaction. In addition to maximizing revenue, short-term hotel stays can also improve operational efficiency for hotels.

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SiteMinder

SEPTEMBER 7, 2023

Late check out and early departure fees These fees give guests the flexibility to extend their stay beyond standard check-out times or leave before their scheduled departure, while compensating the hotel for the inconvenience caused in room turnover. Stay away!”. SiteMinder is here to help you unlock this untapped potential.

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Xotels

APRIL 3, 2024

Revenue Strategies & Tactics Market Segmentation Hotel Pricing Strategies Forecasting & Budgeting Properly How to Distribute Effectively? Channel Management: Effectively manage online and offline distribution channels to reach the right audience and convert the right (high-value) reservations.

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Larry Mogelonsky

OCTOBER 16, 2023

Like the Chief Technology Officer (CTO), their budgets have increased, aiding them to implement new technology to replace services that were previously done manually by staff despite the size of the hotel brand. Technological solutions will eventually become the norm, such as artificial intelligence for booking reservations.

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SiteMinder

AUGUST 29, 2023

Hotel operating costs Hotel operating costs encompass a wide array of expenses, from staff salaries, utility bills, and maintenance to marketing, guest amenities, and food & beverage supplies. These recurring costs are vital for the smooth functioning of the hotel and ensuring guest satisfaction.

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Revenue Hub

MARCH 7, 2024

Studies show that: Data-driven decisions can have a 25% increase in guest satisfaction scores and a 15% increase in RevPAR. PMC ) Hotels using commercial intelligence have seen a 5% increase in online bookings. Microsoft ) Commercial intelligence can lead to a 30% reduction in overbooking instances. (

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Information Pricing Guest Satisfaction Article 84

eZee Absolute

SEPTEMBER 13, 2023

One of the keys to staying ahead in this dynamic industry is to understand the changing guest behaviour. The way people book hotel rooms, what they expect during their stay, and even how they want to be treated is evolving. According to Hotel Mize , online travel agencies (OTAs) accounted for 40% of global hotel bookings in 2023.

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eZee Absolute

NOVEMBER 16, 2022

You could use it to enter your booking details, verify your ID, and make the payment, and there — “this is your keycard”, and you are simply done with the check-in. The hospitality industry is now stepping up and installing hotel self-service kiosks in order to provide hassle-free check-ins and other services to its guests.

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SiteMinder

JANUARY 8, 2024

This can include business people, long-stay travellers, budget travellers and backpackers. Marketing management: The other side of the sales coin, marketing ensures your hotel has a steady stream of interested guests. Reservations management: As soon as a room is sold, the job of managing that reservation begins.

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SiteMinder

FEBRUARY 25, 2024

What is a hotel booking plugin? Direct booking plugins are apps that will further reduce your reliance on OTAs by bringing more features and greater functionality to your existing booking engine. Table of contents Why are booking plugins so powerful? Many hotel booking plugins help with: Easy mobile bookings.

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Book Reservations Pricing Communication 52

eZee Absolute

SEPTEMBER 21, 2023

As the saying goes, “Seeing is believing,” and virtual tours provide that belief, building trust and confidence in potential guests. They empower travelers to make informed decisions about where they’ll stay, reducing uncertainty and increasing the likelihood of bookings.

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SiteMinder

JANUARY 8, 2024

This can include business people, long-stay travellers, budget travellers and backpackers. Marketing management: The other side of the sales coin, marketing ensures your hotel has a steady stream of interested guests. Reservations management: As soon as a room is sold, the job of managing that reservation begins.

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Travel and Tourism Book Housekeeping Customer Service 52

eZee Absolute

JULY 31, 2022

Direct booking. Group bookings play an important role to increase revenue for small hotels apart from individual bookings. However, despite the ability to bring in a huge amount of income, group bookings are being overlooked by hotels the majority of the time. Direct booking. Table of Content. Group sales.

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Revenue Hub

DECEMBER 8, 2023

While many travelers still prefer traditional interactions and keys, hotels aim to enhance guest experiences by providing more contactless options. This necessitates a shift to technology infrastructure that supports keyless room entry, virtual check-ins, guest notifications, mobile tipping, and bookings.

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Revenue Hub

OCTOBER 6, 2023

NB: This is an article from Revinate Ever since the introduction of online travel agencies (OTAs) in the ‘90s, hoteliers have struggled to achieve the optimal distribution mix between OTAs and hotel direct bookings. The state of OTAs and direct bookings The pandemic transformed the booking behavior of today’s travelers.

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Hotelogix

FEBRUARY 4, 2024

  Reservation management: This feature allows you to manage all your reservations from a single dashboard. You can see which rooms are available, which are booked, and which guests are checking in and out. You can also cancel or modify reservations based on guests' requirements here. 

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eZee Absolute

NOVEMBER 10, 2023

Highlight the convenience your hotel offers by organizing tours, making it easy for guests to explore the local area. This enhances guest satisfaction and attracts those seeking a richer, more immersive travel experience.

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Les Roches

AUGUST 10, 2023

These businesses have a reputation for offering exceptional service and the ultimate guest experience. Here are some examples of high-paying and notable career paths: Hotel manager: responsible for hotel operations, ensuring guest satisfaction, managing staff and optimizing revenue. Salary range: $93,000 to $138,000.

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Hotelogix

OCTOBER 18, 2023

Staying ahead in the rapidly evolving hospitality industry requires embracing technological advancements that enhance guest experiences and streamline operations. One such innovation is the Hotel POS (Point of Sale) system, a robust solution that has revolutionized how you manage your services, transactions, and overall guest satisfaction. 

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Revenue Hub

APRIL 17, 2024

It was the very yearly days where revenue managers were very much viewed as executive reservation managers and expected to perform reservation manager duties. With abundant competition and limited marketing budgets, spending resources where they’ll do the most good and merchandising results are critical.

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SiteMinder

APRIL 11, 2024

Airbnb attracts a wide range of users, from budget solo travellers to luxury holiday seekers, offering hotels the opportunity to tap into markets they might not reach through other channels. Typically, Airbnb charges hosts (which would include hotels) a 3% fee per booking. Diverse demographics. Reviews and recommendations.

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Book Pricing Marketing Information 98

SiteMinder

NOVEMBER 22, 2023

Customer journeys are crucial for successful hotels, as they reveal the key touchpoints that drive a guest’s decision to book – or not book – with their business. Table of contents Where do hotel customers begin their booking journey? Hotel sites were next with 17% of the share.

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Xotels

NOVEMBER 23, 2023

The goal is to maximise the profitability and efficiency of hotels while maintaining a high level of guest satisfaction and service quality. Marketing: Attracting and retaining guests requires effective promotion and marketing strategies. Revenue Management & Sales: Effective sales strategies are crucial for driving revenue.

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Xotels

NOVEMBER 23, 2023

The goal is to maximise the profitability and efficiency of hotels while maintaining a high level of guest satisfaction and service quality. Marketing: Attracting and retaining guests requires effective promotion and marketing strategies. Revenue Management & Sales: Effective sales strategies are crucial for driving revenue.

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Housekeeping Maintenance Article Concierge 40

SiteMinder

NOVEMBER 22, 2023

Outdated technology Outdated technology in hotels leads to a host of issues, including inefficiencies in booking and management systems, inadequate data security, and a failure to meet the digital expectations of modern guests. Mantra Observatory is really loyal to SiteMinder.

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Hotelogix

OCTOBER 18, 2023

So, how much does it cost to acquire a booking at your hotel? However, it's much more complicated than that, so understanding what GAC is and how to calculate Guest Acquisition Cost (GAC) correctly is crucial. Better Resource Allocation GAC allows your hotel to allocate the marketing budgets more efficiently.

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Larry Mogelonsky

DECEMBER 11, 2023

The start of the fourth quarter brings on the all-too-important annual tradition of budget planning for next year, and yet 2024 ‘s specific challenges have given the more heavily integrated hotel technologies a unique time to shine.

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Xotels Hotel Revenue Management

SEPTEMBER 1, 2020

We consider the following characteristics to be of great help: Guest first mentality & proactiveness, meaning always thinking of how the guest feels around your hotel and what can be done about it to improve their experience. Be prepared to add the following fees to your budget: Initial fee. Sales reservation fees.

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Definition Marketing Budgeting Article 52

Modern Restaurant Management

AUGUST 19, 2020

This means it is imperative from a financial perspective that bar and restaurant owners budget accordingly for these changes. Restaurants and bars will also need to shift budgets to support tableside credit card processing instead of relying on POS systems. ” Bo Peabody, Co-Founder and Executive of Seated. .”

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